Since peaking on June 30th, Netflix (NFLX) has shaved over 10% off its value in a fairly persistent beat-down.
The company is still safely ensconced within a price channel that has been in place for years, however. The next test will be whether it cracks the midline of this channel.
The word “robust” is often misused, but it applies here. Netflix has historically been a very robust stock, as the seemingly endless series of dips are followed by recoveries and new highs. All trends end at some point, however. Let’s see if this break is finally the one which sticks.
